(To read more on the multifamily market, click here.)
HOUSTON-A Boston-based investment group has added to itsholdings in the area, buying the 224-unit Siena Apartments. RenamedWindsor at Siena, the class A buy was done as a complementary pieceto the investor's 24-acre Regent Square, a mixed-use developmentaround the corner that will begin construction in the fourthquarter.
Neither the purchase price nor the list was available for the600 Studemont St. property, bought by GID Investment Advisors LLC.But comparable projects in the Museum-Montrose District have soldfor upward of $115,000 per door. Harris Central Appraisal Districtassesses the property at $23.9 million.
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